Mn Services Vermogensbeheer B.V. boosted its position in shares of Markel Corporation (NYSE:MKL) by 513.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,290 shares of the insurance provider’s stock after buying an additional 1,917 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Markel Corporation were worth $2,235,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in MKL. Comerica Bank purchased a new stake in Markel Corporation during the fourth quarter worth approximately $529,000. FMR LLC boosted its stake in Markel Corporation by 9.8% in the fourth quarter. FMR LLC now owns 11,063 shares of the insurance provider’s stock worth $10,007,000 after buying an additional 991 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Markel Corporation by 8.8% in the fourth quarter. Guggenheim Capital LLC now owns 385 shares of the insurance provider’s stock worth $348,000 after buying an additional 31 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Markel Corporation by 45.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 46,437 shares of the insurance provider’s stock worth $42,002,000 after buying an additional 14,418 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Markel Corporation by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 14,911 shares of the insurance provider’s stock worth $13,487,000 after buying an additional 622 shares during the period. Institutional investors and hedge funds own 76.11% of the company’s stock.
Markel Corporation (MKL) opened at 1058.22 on Friday. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $1,086.68. The firm has a market capitalization of $14.72 billion, a P/E ratio of 36.59 and a beta of 1.03. The stock’s 50 day moving average is $991.58 and its 200-day moving average is $968.73.
Markel Corporation (NYSE:MKL) last posted its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, topping the consensus estimate of $6.27 by $3.67. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. Analysts forecast that Markel Corporation will post $26.32 EPS for the current year.
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A number of equities analysts have issued reports on the company. BidaskClub cut Markel Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Boenning Scattergood set a $1,050.00 target price on Markel Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $1,050.00.
In other news, Vice Chairman Steven A. Markel sold 3,875 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $1,074.48, for a total transaction of $4,163,610.00. Following the completion of the sale, the insider now directly owns 109,650 shares of the company’s stock, valued at $117,816,732. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Richard R. Whitt III sold 100 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $1,085.31, for a total transaction of $108,531.00. Following the transaction, the chief executive officer now owns 12,239 shares in the company, valued at $13,283,109.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,425 shares of company stock valued at $4,753,640. 2.53% of the stock is currently owned by insiders.
Markel Corporation Company Profile
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.
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